Official: Iran drives own fertilizer producers out of business

Business Materials 18 June 2012 18:15 (UTC +04:00)

Azerbaijan, Baku, June 18/Trend M. Moezzi

The absence of government support has sped up Iranian fertilizer producers to leave business.

Sayyad Farhadi, president of the Association of Fertilizer Producers, contends that unregulated imports of fertilizer from China have driven Iranian factories out of business, the Iranian Labour News Agency (ILNA) reports.

The government's failure to support Iranian producers will also create huge problems for farmers, Farhadi said.

When its targeted subsidy reform program started, Iran's government promised to provide farmers with 1.8 million tons of fertilizer. But its failure to do so has meant severe shortages of the material that is essential to good crop growth.
Iran's farms need about 4 million tons of fertilizers. The government imports 60 percent of that and buys the rest from domestic producers.